Yes you are right but i am not agree about the funds sending to bank bank account means sending to verified user because now days as per RBI rules
Banks gather and complete the KYC there, so in case of any fraud one can take legal step isnt it ?
May be i m thinking too much lol but i appreciate your advice sir thanks
Regards
KYC doesn't secure you if you send fund yourself to other account. It's your duty you check yourself why you are sending fund to other account.
Same with BTC when you sent to other you ensure yourself you put correct wallet address otherwise lose will be yours.